A Normal Probability Plot Is Given Below for a Sample

question 20

Essay

A normal probability plot is given below for a sample of scores on an aptitude test. Use the plot to assess the normality of scores on this test. Explain your reasoning.

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Definitions:

Actual Costs

The real costs incurred in the production of goods or services, including all expenses such as materials, labor, and overhead.

Standard Costs

Predetermined costs for materials, labor, and overhead used to control actual operating costs and to measure cost variances.

Direct Labor Time Variance

The difference between the actual time spent on production and the standard time expected, multiplied by the direct labor rate.

Actual Costs

The real costs incurred in the production, acquisition, or other activities of a business, as opposed to estimated or budgeted costs.